At the end of July, the Department of Agriculture released the 2022 United States Total Farm Production Expenditures summary.
Farm production expenditures in the United States are estimated at $452.7 billion for 2022, up from $392.9 billion in 2021. The 2022 total farm production expenditures are up 15.2 percent compared with 2021 total farm production expenditures. The four largest expenditures totaled $219.6 billion, accounting for 48.5 percent of total expenditures in 2022. These include feed, 18.5 percent, farm services, 10.8 percent, livestock, poultry, and related expenses, 10.1 percent, and labor, 9.2 percent.
In 2022, the United States total farm expenditure average per farm is $226,986, up 15.8 percent from $196,087 in 2021. On average, United States farm operations spent $41,917 on feed, $22,864 on livestock, poultry, and related expenses, $24,469 on farm services, and $20,858 on labor.
California contributed most to the 2022 United States total expenditures, with expenses of $46.0 billion. Iowa, the next leading state, has $35.7 billion in expenses.